12 Sep Bluerock Taps Former Morgan Stanley Head of National Accounts Emily Calcagno to Lead its National Accounts and Relationship Management Group
New York, NY (September 12, 2018) – Bluerock Capital Markets (BCM), a distributor of investment products and the dedicated dealer manager for Bluerock Real Estate, announced today that it has hired former Executive Director and Head of National Accounts for Morgan Stanley Investment Management, Emily Calcagno, to serve as the Executive Vice President and Head of its National Accounts and Relationship Management Group. In this leadership role, Ms. Calcagno will be responsible for managing an already deep and experienced National Accounts team to further develop strategic partnerships with broker-dealers, increase Bluerock’s brand awareness among leading institutions, open new distribution channels, and grow BCM’s sales and distribution platform nationally.
Ms. Calcagno joins BCM during a period of significant growth in sales and distribution across its investment product suite, which includes Bluerock’s institutional closed-end real estate interval fund, Total Income+ Real Estate Fund; Bluerock Residential Growth REIT’s Preferred Stock and Warrants Offering and Bluerock Value Exchange’s 1031-Exchange programs.
“Emily’s background and extensive experience in successfully managing a large team of national accounts managers in all channels of distribution including the major wirehouses, regional member firms, independent broker dealers, banks and registered investment advisors, completes the last leg of our latest strategic initiative to fully expand our institutional product offerings into all distribution channels as well as further accelerate our expansion into the wealth RIA markets,” said Jeffrey S. Schwaber, CEO of Bluerock Capital Markets.
Ms. Calcagno brings more than 18 years of capital markets experience to her role. Prior to joining BCM, Ms. Calcagno held multiple leadership roles, most recently as Head of National Accounts for Morgan Stanley Investment Management from 2011-2018. From 2008-2010, Ms. Calcagno served as Vice President, Relationship Management for RiverSource Investments. From 1999-2008. Ms. Calcagno served as Senior Vice President, Director Relationship Management for J&W Seligman. Ms. Calcagno earned her B.A. in Economics from Trinity College (Hartford, CT) and maintains an active Certified Investment Management Analyst (CIMA) designation and FINRA registrations 7, 24, and 63.
“Bluerock has sustained breakout growth in its selling group as well as in its equity capital raise year-over-year and we believe is well-positioned for continuation of the same in 2018 and beyond†. Emily’s stellar reputation and deep connectivity into the major wirehouses, independent broker dealers and other distribution channels not only adds significant strength to our industry position but also sends a strong message of the importance of experience, service and support to our valued selling group partners. We are delighted to welcome Emily to the Bluerock Team.” Schwaber added.
About Bluerock Capital Markets
Bluerock Capital Markets, LLC serves as the managing broker dealer for Bluerock and is a member of FINRA/SIPC. Formed in 2010, BCM distributes a broad range of institutional investment products with potential for growth, income, and tax benefits exclusively through broker dealers and investment professionals including the Total Income+ Real Estate Fund, Bluerock Residential Growth REIT, Inc., and programs issued by Bluerock Value Exchange, LLC. BCM ranked #4 for capital fundraising in 2017 among all active managing broker-dealers in the Direct Investments Industry.
Bluerock is a national alternative investment management firm with over $5 billion on Assets Under Management and headquartered in Manhattan with regional offices across the U.S. Bluerock principals have a collective 80+ years of investing experience, have been involved with over $10 billion in investments, and have helped launch leading private and public company platforms.
† Bluerock Capital Markets reported a year-over-year capital raise increase of 160% as of December 2017.
Direct Investment Industry: includes alternatives investments in public direct private placements, non-listed real estate investment trusts (REITs), non-listed business development companies (BDC)s, and closed-end interval funds.
The Bluerock Residential Growth REIT and Bluerock Value Exchange are offered by Bluerock Capital Markets, LLC. The Total Income+ Real Estate Fund is distributed by ALPS Distributors Inc. Bluerock Capital Markets, LLC is not affiliated with Alps Distributors, Inc., Morgan Stanley, RiverSource, or J&W Seligman.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Total Income+ Real Estate Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained online at www.bluerockfunds.com. The prospectus should be read carefully before investing. The Total Income+ Real Estate Fund is distributed by ALPS Distributors, Inc (ALPS). Bluerock Fund Advisor, LLC is not affiliated with ALPS.
Investing in the Total Income+ Real Estate Fund involves risks, including the loss of principal. The Fund intends to make investments in multiple real estate securities that may subject the Fund to additional fees and expenses, including management and performance fees, which could negatively affect returns and could expose the Fund to additional risk, including lack of control, as further described in the prospectus. The Fund’s distribution policy is to make quarterly distributions to shareholders. The level of quarterly distributions (including any return of capital) is not fixed and this distribution policy is subject to change. Shareholders should not assume that the source of a distribution from the Fund is net profit. A portion of the distributions consist of a return of capital based on the character of the distributions received from the underlying holdings, primarily Real Estate Investment Trusts. The final determination of the source and tax characteristics of all distributions will be made after the end of each year. Shareholders should note that return of capital will reduce the tax basis of their shares and potentially increase the taxable gain, if any, upon disposition of their shares. There is no assurance that the Company will continue to declare distributions or that they will continue at these rates. There can be no assurance that any investment will be effective in achieving the Fund’s investment objectives, delivering positive returns or avoiding losses.
This is neither an offer to sell nor a solicitation of an offer to buy any securities, which can be made only by the Prospectus. This material must be reviewed in conjunction with the Prospectus to fully understand all of the implications and risks of the offering of securities to which it relates. A copy of the Prospectus must be made available to you in connection with this offering. Prospective investors should carefully read the Prospectus and review any additional information they desire prior to making an investment and should be able to bear the complete loss of their investment.
Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers for no less than 5% of the Fund’s shares outstanding at net asset value. There is no guarantee that shareholders will be able to sell all of the shares they desire in a quarterly repurchase offer. Quarterly repurchases by the Fund of its shares typically will be funded from available cash or sales of portfolio securities. The sale of securities to fund repurchases could reduce the market price of those securities, which in turn would reduce the Fund’s net asset value.